Exchange Listed Funds ETF (BCUS) Performance
BCUS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.6% since Dec 31, 2025
- 1 year
- −2.2% total return
- Since first price
- +27.8% since 2023
BCUS trailing returns vs SPY, QQQ, AGG
| Period | BCUS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −7.2% | −7.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −12.5% | −12.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −9.9% | −9.9% | +7.8% | +8.4% | −1.5% |
| YTD | −1.6% | −1.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −2.2% | −2.3% | +14.4% | +15.9% | −1.1% |
| Since inceptionDec 21, 2023 | +27.8% | +26.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BCUS vs SPY
From Dec 21, 2023: BCUS grew to $12,783, SPY to $16,603.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BCUS returns by calendar year
2 of 2 full years positive. Best 2024 (+21.2%), worst 2025 (+6.6%). 2026 is year to date.
BCUS annual returns table
| Year | BCUS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −1.6% | −15.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +6.6% | −15.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +21.2% | −6.6% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BCUS largest drawdowns
Now 15.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 4, 2024 | −18.1% | Apr 8, 2025 | Jul 25, 2025 | 4 months | 8 months |
| Jun 22, 2026 | −15.0% | Oct 23, 2026 | not yet | 4 months | 4 months so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BCUS risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | +11.7% |
| Volatility (annualized) | 12.7% |
| Sharpe ratio | 0.60 |
| Sortino ratio | 0.98 |
| Best month | +9.6% |
| Worst month | −6.4% |
| Best 12 months | +21.2% |
| Worst 12 months | +0.5% |
| Positive months | 67% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BCUS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 23 | −1.3% | +9.1% | +21.2% | 96% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
BCUS performance overview
Exchange Listed Funds ETF (BCUS) returned −2.2% over the past year, with distributions reinvested. Since its first recorded price on Dec 21, 2023 it has returned +27.8%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −18.1%, from Dec 4, 2024 to Apr 8, 2025, and it took 4 months to get back to the old high. Volatility has been 12.7% a year.
Related: BCUS chart, BCUS holdings, BCUS dividends, BCUS valuation. See the BCUS overview for the latest quote and fund facts.
BCUS performance FAQ
What is the BCUS return over the past year?
BCUS returned −2.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 2.3%.
How much would $10,000 invested in BCUS be worth?
$10,000 invested in BCUS at its first recorded close on December 21, 2023 would be worth about $12,783 on October 23, 2026 with distributions reinvested.
What was the worst year for BCUS?
The worst calendar year was 2025, with a total return of +6.6%. The best was 2024 at +21.2%.
What is the biggest drawdown of BCUS?
The largest peak-to-trough decline was −18.1% between December 4, 2024 and April 8, 2025. It recovered to the old high on July 25, 2025, 4 months after the bottom.
How volatile is BCUS?
Over the past history BCUS had an annualized volatility of 12.7% and a Sharpe ratio of 0.60 (excess return over 1–3 month T-bills per unit of risk).